
Lockheed Martin [LMT] has received a $161 million production contract for the Army Tactical Missile System (ATACMS), which the Army plans to use as an initial “cross-domain” capability to fire from land on targets at sea and in the air.The missiles will be produced at Lockheed's Precision Fires Production Center of Excellence in Camden, Ark. The contract calls for the production of 150 ATACMS missiles as part of the ATACMS Service Life Extension Program. "The ATACMS Service Life Extension Program takes…